The company is planning to invest $5 million for expansion in the Nordic region.
With challenges such as lack of technical knowledge, skill gap and convincing consumers about IT services, Dev IT, an Ahmedabad-based IT company has come a long way.
The company was predominantly focusing on domestic markets especially government in early years, later they opted-out to expand in foreign markets, according to Jaimin Shah, Managing Director and CEO, Dev IT.
The core functions of the company are IT advisory, IT architecture, IT implementation, and IT support.
"When we started, there was no IT business in Gujarat and if you said anyone about it, they always thought that we are working with the Income Tax Department. Being a domestic focused company, we faced a lot issues but we remained focused on what we were doing. We became a marketable IT company as far as Gujarat is concerned," said Shah.
The company faced many challenges when it came to hiring talent in the region till 2007-2008 as there was lack of knowledge about the IT industry.
"Attracting talent was really a challenge. So as an incentive, we gave 1o percent of our profits to employees," said Shah.
Eyeing Nordic region
The company is planning to invest $5 million for expansion in Nordic countries.
"After acquiring a company in 2015 with European clients and talking to existing clients we also realised that now Europe is also settling down from Brexit and industrial down time. They are also trying to adopt newer technology but they are very cost conscious," said Shah.
While talking about the H1B visa issue, Shah said: "Currently we haven't seen any issue because our focus is SME market in North America. What we did is that we opened our Canadian Federal entity and all our North American contracts are under the Canadian entity. We have seen growth in business after the H1B issue as people have started outsourcing their jobs. There is no act wherein outsourcing is concerned."In 2017, the company got listed on NSE Emerge exchange. It was a bootstrapped company, started by 2 people and now employs around 900 to 1000 people in Gujarat.